NOT LISTED FOR SALE

916 Bromley Rd Unit ALL 1-8 Charlotte, NC 28207

Myers Park Neighborhood

Estimated Value: $259,000 - $314,058

8 Beds
8 Baths
5,600 Sq Ft
$51/Sq Ft Est. Value

Last Sold May 13, 2016

Last sale price $1,112,000 $199 Per Sq Ft

Current estimated payment $1,880/month

173 Days on Market

Highlights

  • Traditional Architecture
  • Myers Park High Rated A
  • Wood Flooring

About This Home

As of May 2016

Fantastic opportunity in Myers Park. Charming 8-plex on quiet street just minutes from uptown. .5 acre lot is currently zoned R-22MF (11 units can be built on this land) but can be converted to Single Family if desired by buyer. New roof in 2013, Waterproofed basement in 2014, Tankless water heaters installed in 2013. Mold remediation and crawl space vapor barrier in 2013. New structural work and plumbing done to all bathrooms in 2014. Building is sold as-is.

Last Agent to Sell the Property

Chris Carey

Mackey Realty LLC License #272810 Listed on: 09/15/2015

Last Buyer's Agent

Non Member

Canopy Administration

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 0.5

HOA Fees

  • $185 Monthly HOA Fees

Parking

  • Gravel Driveway

Home Design

  • Traditional Architecture

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Full Bathrooms

Community Details

  • Henderson Properties Association, Phone Number (704) 377-0114

Listing and Financial Details

  • Tenant pays for all except water
  • Rent includes management fee
  • Assessor Parcel Number 125-242-31

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

HOA Fees

$185 per month

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Eightplex+
  • Architectural Style: Traditional
  • Construction Status: Complete
  • Primary Residence Yn: Yes
  • Ratio Close Price By List Price: 0.92667
  • Ratio Close Price By Original Li: 0.85538
  • Ratio Current Price By Acre: 2224000.00
  • Ratio Current Price By Sq Ft: 198.57
  • Year Built: 1924
  • Property Features: Attic Other
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Equipment: Ceiling Fan(s), Cable Prewire, Disposal, Dishwasher, Gas Range, Refrigerator, Self Cleaning Oven, Security System, Electric Oven
  • Fixture Exception Description: Viking range located in unit
  • Fixture Exception Yn: Yes
  • Flooring: Tile, Wood
  • H O A Management Phone: 7043770114
  • Laundry Location: Utility Room
  • Sq Ft Basement: 2800
  • Total Sq Ft: 5600

Exterior Features

  • Construction: Hard Stucco

Garage/Parking

  • Driveway: Gravel
  • Parking: On-Street Parking, Parking Space - 4+

Utilities

  • Heating: Window Unit
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Laundry Room
  • Association Fee: 185.00
  • Association Fee Frequency: Monthly
  • HOA Management Company: Henderson Properties
  • Hoa Subject To Dues: Mandatory
  • HOA Subject to Dues YN: Yes

Schools

  • Elementary School: Eastover
  • Middle School: Alexander Graham
  • High School: Myers Park

Lot Info

  • Lot Dimension: 110x244x76x218
  • Lot Size Area: 0.500
  • Parcel Number: 125-242-31
  • Zoning: Condominium
  • Zoning Specification: R22MF

Rental Info

  • Rent Includes: Management Fee
  • Tenant Pays: All except water

Tax Info

  • Tax Value: 105400.00
  • Tax Location: Mecklenburg

Multi Family

  • Unit Count: 1
  • Number Of Units Total: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2015
Closed on
May 12, 2016
Sold by
Steward Robert
Bought by
Gates On 28Th Llc
Seller's Agent
Chris Carey
Mackey Realty LLC
Buyer's Agent
Non Member
Canopy Administration
List Price
$1,300,000
Sold Price
$1,112,000
Premium/Discount to List
-$188,000
-14.46%
Current Estimated Value
$288,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$823,287
Avg. Annual Appreciation
-13.61%

Purchase Details

Closed on
Apr 5, 2007
Sold by
Ward Mather Campbell and Hyett Lee Evans
Bought by
Stewart Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 2006
Sold by
Watt Terry Jason
Bought by
Ward Mather Campbell

Purchase Details

Closed on
Oct 31, 2001
Sold by
Coira Kaylee Baker
Bought by
Watt Terry Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 1998
Sold by
Brennan Elizabeth P and Brennan Elizabeth S
Bought by
Coira Kaylee Baker

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,200
Interest Rate
7.14%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gates On 28Th Llc $139,000 Chicago Title
Stewart Robert $123,000 None Available
Ward Mather Campbell $117,000 None Available
Watt Terry Jason $111,000 --
Coira Kaylee Baker $86,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stewart Robert $98,000
Previous Owner Watt Terry Jason $111,000
Previous Owner Coira Kaylee B $7,000
Previous Owner Coira Kaylee Baker $83,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2016 05/13/16 Sold $1,112,000 -14.5% $199 / Sq Ft
03/06/2016 03/06/16 Pending -- -- --
09/15/2015 09/15/15 For Sale $1,300,000 -- $232 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $1,364 $241,155 $0 $241,155
2022 $1,364 $141,300 $0 $141,300
2021 $1,364 $141,300 $0 $141,300
2020 $1,471 $141,300 $0 $141,300
2019 $1,455 $141,300 $0 $141,300
2018 $1,456 $105,400 $38,500 $66,900
2017 $1,427 $105,400 $38,500 $66,900
2016 $1,418 $105,400 $38,500 $66,900
2015 $1,406 $105,400 $38,500 $66,900
2014 $1,393 $105,400 $38,500 $66,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3107933

Canopy MLS (Canopy Realtor® Association)

APN: 125-242-31